Stock analysis is used by traders to make buy and sell call. It’s an approach to make informed decisions while investing in stocks. Stock analysis can be categorised into – fundamental analysis and technical analysis. Fundamental analysis is evaluation of data from sources, including financial records, economic reports, company assets, and market share. Analysts typically study the company’s financial statements – balance sheet, income statement, cash flow statement, and footnotes. These statements are made available to the investors in the form of quarterly earnings, disclosures to stock exchanges in compliance with the Securities and Exchange Board of India (Sebi) norms. In fundamental analysis, the analysts particularly check for a company's core income, income from other sources, profitability, guidance, assets and liabilities and debt ratio among other parameters. The other method, i.e. the technical analysis focuses purely on statistical data. It works on two assumptions; one, the stock price reflects the fundamentals. Second, the study of past and present movement in prices can help determine the future price trends. Technical analysis primarily deals with price, volume, demand and supply factors. This method is effective only when supply and demand forces influence the market. However, when outside factors are involved in a price movement, technical analysis may not be successful. More
Mitessh Thakkar of mitesshthakkar.com recommends buying Page industries with a stop loss of Rs 24900 and target of Rs 27000 and Marico around Rs 335 with stop loss of Rs 327 and target of Rs 351.
Vinay Rajani of HDFC Securities is of the view that one can sell Aurobindo Pharma with target at Rs 485 and stop loss at Rs 570, a sell in Muthoot Finance with target at Rs 350 and stop loss at Rs 395 and a buy in Cholamandalam Investment with target at Rs 1,700 and sto loss at Rs 1,490.
Rajesh Agarwal of AUM Capital recommends buying Indraprastha Gas with stop loss at Rs 256 and target at Rs 276, a buy in Motherson Sumi Systems with stop loss at Rs 313 and target at Rs 333 and a buy also in ICICI Prudential Life Insurance with stop loss at Rs 398 and target at Rs 423.
Midcap and smallcap indices rose over a percent each this past week, outperforming the headline index, and there are some stocks that investors can look at buying this week.
Top contrarian buy calls include Hero MotoCorp, Tech Mahindra, LIC Housing Finance, Hindustan Petroleum Corporation (HPCL) and NMDC.
"Nifty has crossed last week high and heading towards 10250-10270 levels i.e. Upper Band of Falling Channel which might work as immediate resistance. Sustenance trade above these levels may add further momentum on upside," says Rajesh Agarwal of AUM Capital.
If the Nifty fails to cross the immediate resistance of 10,455 can resume the choppy and volatile trading sessions dragging the index lower to levels of 10,155-10,095.
Jay Thakkar of Anand Rathi Securities is of the view that one may buy Bharat Financial with a target of Rs 1090.
Ashwani Gujral of ashwanigujral.com is of the view that one can sell REC and Adani Enterprises and can buy Amara Raja Batteries.
Ashwani Gujral of ashwanigujral.com recommends buying Tech Mahindra with a stop loss of Rs 588, target of Rs 620, a buy on NIIT Tech with a stop loss of Rs 788, target of Rs 825 while a sell call on Century Textiles with a stop loss of Rs 1190, target of Rs 1130.
Earnings downgrade to upgrade ratio moderated on a sequential basis (QoQ) as 65 companies saw earnings cut of over 3 percent (58 in 2QFY18) and 43 companies saw earnings upgrades of over 3 percent (49 in 2QFY18).
As we are near the fag end of the earnings season and most of major corporate earnings already priced in, and no major event lined up in the offing, the market is likely to take cues from globe, according to experts.
Mitessh Thakkar of miteshthacker.com suggests buying Amara Raja Batteries and Cholamandalam Investment.
Ashwani Gujral of ashwanigujral.com feels that Amara Raja Batteries may test Rs 1050.
Rakesh Bansal of RK Global is of the view that one may buy Bank of Baroda with a target of Rs 183.
Vishvesh Chauhan of Monarch Networth Capital recommends buying Minda Industries with a stoploss at Rs 1250 and target of Rs 1350, a buy on Godrej Consumer with a stoploss at Rs 1006 and target of Rs 1090 and a buy also on GE T&D with a stoploss at Rs 408 and target of Rs 460.
Sudarshan Sukhani of s2analytics.com is of the view that one may buy Hexaware and Amara Raja Batteries.
Mitessh Thakkar of miteshthacker.com recommends buying Amara Raja Batteries, NIIT Tech, Bajaj Finance and Bharat Financial Inclusion.
Motilal Oswal prefers 4-wheelers over 2-wheelers & commercial vehicles due to strong volume growth & stable competitive environment.
Ashwani Gujral of ashwanigujral.com is of the view that one may buy Amara Raja Batteries, Gail India and Suprajit Engineering.
Rajat Bose of rajatkbose.com is of the view that one may go long in Bajaj Auto.
Sudarshan Sukhani of s2analytics.com is of the view that one may hold 63 Moons Technologies.
Sudarshan Sukhani of s2analytics.com recommends buying Jet Airways, Interglobe Aviation, Amara Raja Batteries, Marico, Indiabulls Housing and Glenmark Pharma.
Mitessh Thakkar of miteshthacker.com suggests buying Amara Raja Batteries, Tata Global Beverage, Container Corporation and ICICI Prudential.
Prakash Gaba of prakashgaba.com suggests buying Amara Raja Batteries and Bharat Forge.